{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-041237","form_type":"8-K","ticker":"PHUN","cik":"0001665300","company_name":"Phunware, Inc.","filed_at":"2023-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.993127+00:00","generated_at":"2026-06-07T14:55:46.010177+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Phunware closes $2.8M public offering of ~46.7M shares at $0.06; shares dilute existing holders by ~40%","bullets":["Offered 33,215,334 shares of common stock plus 13,451,333 pre-funded warrants; gross proceeds ~$2.8M.","Shares priced at $0.06; pre-funded warrants at $0.059; placement agent Roth Capital received 7% cash fee.","Net proceeds for working capital and expansion of product initiatives (patent portfolio, PhunCoin, PhunToken).","Company and officers subject to 60-day lock-up on share sales; no variable-rate transactions for 60 days.","Offering closed Dec 11, 2023 under effective Form S-3 shelf registration (File 333-262461)."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-041237","json":"https://secwatch.observer/filing/0001628280-23-041237.json","markdown":"https://secwatch.observer/filing/0001628280-23-041237.md","text":"https://secwatch.observer/filing/0001628280-23-041237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1665300/000162828023041237/0001628280-23-041237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1665300/000162828023041237/phun-20231207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:55:46.010177+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2472a964fa4ad0a2d639ad19ded312a4cfa0500d","claim":"Phunware, Inc. entered into Securities Purchase Agreement with institutional investors valued at purchase of 33,215,334 shares of common stock and pre-funded warrants for approximately $2.8 million (effective 2023-12-07).","evidence_excerpt":"On December 7, 2023, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1665300/000162828023041237/0001628280-23-041237-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"institutional investors"},{"label":"Value","value":"purchase of 33,215,334 shares of common stock and pre-funded warrants for approximately $2.8 million"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"},{"claim_id":"ce6d224f6ac692b252deaf958db0dccbe1a6e839","claim":"Phunware, Inc. entered into Placement Agency Agreement with Roth Capital Partners, LLC valued at 7.0% cash fee of gross proceeds plus up to $60,000 for legal fees (effective 2023-12-07).","evidence_excerpt":"Roth Capital Partners ., LLC (“Roth”) acted as the Company’s exclusive placement agent in connection with the Offering pursuant to a Placement Agency Agreement dated December 7, 2023 (the “Placement Agency Agreement“) between Roth and the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1665300/000162828023041237/0001628280-23-041237-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Roth Capital Partners, LLC"},{"label":"Value","value":"7.0% cash fee of gross proceeds plus up to $60,000 for legal fees"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}